CZ Says Binance is Investing Heavily in DeFi
Changpeng Zhao “CZ,” the CEO and founder of Binance, announced the news on Twitter that his business is making a significant investment in DeFi....
defi
Solana DeFi Platform Mango Markets Losses $100M+ in Exploit
An attacker manipulated pricing oracle data in order to steal over $100 million from the decentralized finance (DeFi) exchange Mango Markets, which is based in...
Wintermute Crypto Market Maker Loses $160 Million in its Defi Hack
Wintermute, a cryptocurrency market maker, was hacked for about $160 million in its Defi activities, according to an announcement made on Twitter Tuesday by the...
Recent Blockchain Bridges Hacks Are a Big Problem to Solve for the Crypto Ecosystem
This year has witnessed crypto heists totalling up to $1.2 billion, which is twice the amount of last year’s record, according to research by the...
Dogecoin Copycat TeddyDoge Crashes by 99%, Becomes Rug Pull
The price of a Dogecoin imitation called TeddyDoge (TEDDY) has practically reached zero after dropping by more than 99.94% over the previous 24 hours, according...
Alpaca Finance Announces a New Automated Vault Strategy
After much anticipation and social media buzz, Alpaca Finance officially debuted its Automated Vaults function in March 2022. With a high Annual Percentage Yield, the...
Tonic Collects $5 Million to Fund a DeFi Platform on NEAR Protocol
Tonic has recently concluded its latest funding round. The platform made an announcement about collecting $5 million in funds. These funds will be used to...
According to the IMF, DeFi Platforms are Needed to Take Advantage of Their Benefits While Mitigating Their Risks
The International Monetary Fund (IMF) in a recent report considers Decentralized Finance (DeFI) a risk to global financial stability, especially as it continues to grow...
Beanstalk Farms Announces the Loss of $182M in an Exploit
With the rise of blockchain technology, maligned elements have also gained entry into the industry. Cryptocurrency protocol and projects can become vulnerable to hacks made...
Burnt Finance, has launched Inferno Mainnet created by Burnt Banksy
The cryptocurrency and blockchain space is open for innovative changes and developments in the technological field. This is why the conceptual framework of DeFi and...